Nicholas B. Hawkins Sells 5,638 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Key Points

• CFO Nicholas B. Hawkins of Arteris, Inc. sold 5,638 shares of the company at an average price of $10.50, totaling approximately $59,199, which reduced his ownership by 4.32%.
• Arteris, Inc. experienced a trading decline of 5.6%, with its stock price dropping to $9.86 amid increased trading volume.
• Wall Street analysts, including Rosenblatt Securities, have reaffirmed a "buy" rating for Arteris with a price target of $14.00.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 5,638 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $10.50, for a total value of $59,199.00. Following the completion of the sale, the chief financial officer owned 124,910 shares in the company, valued at $1,311,555. This represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arteris Stock Performance

Arteris stock traded up $0.07 during trading on Monday, hitting $9.12. The company's stock had a trading volume of 83,936 shares, compared to its average volume of 324,292. The stock has a market capitalization of $383.03 million, a price-to-earnings ratio of -11.13 and a beta of 1.45. The stock's fifty day moving average is $8.89 and its 200 day moving average is $8.40. Arteris, Inc. has a 1-year low of $5.46 and a 1-year high of $12.64.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reiterated a "buy" rating and issued a $14.00 target price on shares of Arteris in a research note on Wednesday, May 21st.

Hedge Funds Weigh In On Arteris

Several institutional investors have recently added to or reduced their stakes in the business. G2 Investment Partners Management LLC acquired a new stake in Arteris during the fourth quarter worth about $2,799,000. Acadian Asset Management LLC increased its stake in Arteris by 40.6% during the first quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock worth $6,222,000 after acquiring an additional 260,277 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Arteris during the first quarter worth about $1,621,000. Federated Hermes Inc. increased its stake in Arteris by 97.2% during the first quarter. Federated Hermes Inc. now owns 327,119 shares of the company's stock worth $2,260,000 after acquiring an additional 161,241 shares during the last quarter. Finally, Next Century Growth Investors LLC increased its stake in Arteris by 46.4% during the first quarter. Next Century Growth Investors LLC now owns 407,721 shares of the company's stock worth $2,817,000 after acquiring an additional 129,143 shares during the last quarter. 64.36% of the stock is currently owned by institutional investors and hedge funds.

About Arteris

Arteris, Inc provides semiconductor interconnect intellectual property (IP) and System-on-Chip (Soc) Integration Automation software solutions (SIA) in the Americas, the Asia Pacific, Europe, and the Middle East. The company develops, licenses, and supports the on-chip interconnect fabric technology used in Soc designs and Network-on-Chip (NoC) interconnect IP.